# Nigeria Urges Oil Giant NNPC Listing, US$1T

> Nigeria's finance minister pushes for US$1 trillion capital market by listing state oil company NNPC.
- Title: Nigeria Urges Oil Giant NNPC Listing, US$1T · The Rio Times
- Summary: Nigeria's finance minister pushes for US$1 trillion capital market by listing state oil company NNPC. Nigeria's finance minister Taiwo Oyedele urged listing…
- Keywords: nigeria, nnpc, nlng, finance minister, us dollar, capital market, trillion, news, world, politics, Urges, Oil
- Source: The Rio Times — https://riotimesonline.com/nnpc-listing-oyedele-trillion-capital-market-2026
- Author: Samuel Ncube
- Published: 2026-10-20T20:53:34+00:00
- Read time: 1 min
- Topics: nigeria, nnpc, nlng, finance minister, us dollar, capital market, trillion, news, world, politics
## Nigeria's Finance Minister
Nigeria's finance minister Taiwo Oyedele urged the government on Monday 19 October to list the state oil company NNPC and gas exporter NLNG.
## US$1 Trillion Goal
Oyedele wants a US$1 trillion capital market in 10 years, a goal that matters to foreign investors.
## 10-Year Plan
Vice-President Kashim Shettima launched a 10-year plan to triple the market from N250 trillion to N750 trillion by 2036.
## Market Growth
Listed stocks rose from N30 trillion (about US$22.5 billion) in 2023 to N160 trillion (about US$120 billion) in September 2026.
## NNPC and NLNG
NNPC Limited is Nigeria's state-owned oil and gas company led by group chief executive Bashir Bayo Ojulari.
## US$1 Trillion Target
Oyedele said Nigeria should aim for US$1 trillion, roughly 1.8 times the regulator’s N750 trillion target at the 20 October exchange rate.
## Investor Targets
Oyedele proposed listed stocks rise from 33% to 60% of GDP, and retail investors from 6 million to 20 million.
## Market Status
The Nigerian Exchange All-Share Index climbed from 55,000 points in May 2023 to over 260,000 by September 2026.
## US Investor Impact
An NNPC listing would let US funds own part of the oil company on the Nigerian Exchange.
## Open Questions
No date, price or share size has been set for any NNPC or NLNG offer, and the government has not set a timetable.
## Key takeaway

Nigeria's finance minister Taiwo Oyedele urged listing NNPC and NLNG to build a US$1 trillion capital market within 10 years.